One of my clients actually was offered a loan modification, or rather a trial period in which he could send the lender money, after which they would consider offering him a modification.
I was to fax it to the lender after we had discussed the risks and rewards. The offer, now signed by the client, had the fax number for the return of the agreement and a deadline of August 1.
I tried twice July 31 to fax it, and the fax machine on the lender’s end did not respond. I tried twice on August 1: same story; I tried again on August 3rd, clearly now within business hours on the East Coast. No response.
My paraglegal had to call and get an alternative number to even get the client’s acceptance in the hands of the lender. It doesn’t raise my confidence level about what’s going on at the lender’s end of this deal.